Prairie home in 5319 Ivanhoe St Detroit, MI
Set in Detroit, MI, this Prairie multifamily home provides 8 bedrooms and 8 bathrooms across 4,000 square feet. The Prairie styling carries through the home's design.
| Price | $350,000 |
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| Beds | 8 |
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| Baths | 8 |
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| Sqft | 4000 |
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| Architectural style | Prairie (63% match) |
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| Address | 5319 Ivanhoe St Detroit, MI 48204 |
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Why buy this home
- Confirmed Prairie architecture, matched from the listing photos by Enzo's vision model.
- Links directly to the original source listing on Movoto.
Is this a good buy?
Priced above comparable homes.
- At $350K, this home is 63% above the $215K median for 23 similar Prairie homes in Detroit, MI.
- That works out to $88 per square foot, 14% below the $102 comparable rate.
- On the market 15 days.
| This home | $350,000 |
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| Prairie median in Detroit, MI | $215,000 (23 homes) |
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| Price per sq ft | $88 vs. $102 comps median |
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Enzo's reads public listing data and links to the original source. Confirm condition, HOA, taxes and fees there. This is a signal, not advice.
What it costs to own
Estimated at $2,479/month with 20% down at a 7.28% 30-year fixed rate. You would need about $106,230 in gross annual income to keep housing within a 28% ratio.
| Mortgage (P&I) | $1,916/mo |
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| Property tax (new-buyer reassessed rate) | $432/mo |
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| Homeowners insurance | $131/mo |
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| Total monthly | $2,479/mo |
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| Down payment (20%) | $70,000 |
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| Income needed | $106,230/yr |
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A signal to compare homes, not financial advice or a loan offer.
Financial outlook (modeled)
Enzo's grades this home B- (69 out of 100) over a 5-year hold, from a Monte-Carlo of local home-price dynamics and the interest-rate path versus renting.
| Grade | B- (69/100) |
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| Beats renting in | 22% of modeled paths |
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| Modeled 5-yr equity (median) | $191,130 |
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| Range (10th to 90th pct) | $120,074 to $277,216 |
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A probabilistic model built on public data (Zillow ZHVI, FRED rates), not a guarantee or financial advice. Local price dynamics are pooled toward Detroit, MI where local data is thin.
Local home values
Typical home values in Detroit, MI have risen about 22% over the past 5 years (+2% in the last year), per the Zillow Home Value Index. This reflects the metro market, not this specific home.
View this home on Movoto